Groupama Asset Managment Buys Shares of 500,000 Workiva Inc. (NYSE:WK)

Groupama Asset Managment purchased a new position in Workiva Inc. (NYSE:WK - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 500,000 shares of the software maker's stock, valued at approximately $381,000. Groupama Asset Managment owned 0.91% of Workiva as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. bought a new position in Workiva in the 3rd quarter worth about $18,000,000. Janus Henderson Group PLC raised its stake in Workiva by 839.8% in the third quarter. Janus Henderson Group PLC now owns 213,831 shares of the software maker's stock valued at $16,919,000 after purchasing an additional 191,078 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Workiva by 435.5% during the third quarter. Assenagon Asset Management S.A. now owns 145,384 shares of the software maker's stock valued at $11,503,000 after purchasing an additional 118,234 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in Workiva by 13.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 728,375 shares of the software maker's stock worth $57,629,000 after buying an additional 86,746 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Workiva by 345.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 92,451 shares of the software maker's stock worth $7,315,000 after buying an additional 71,719 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on WK. Stifel Nicolaus increased their price objective on Workiva from $85.00 to $102.00 and gave the company a "hold" rating in a research report on Thursday, November 7th. Robert W. Baird lifted their price target on shares of Workiva from $94.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets upped their price objective on shares of Workiva from $96.00 to $104.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $103.20.

Insider Activity at Workiva

In other news, EVP Michael D. Hawkins sold 2,761 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $74.60, for a total value of $205,970.60. Following the completion of the transaction, the executive vice president now owns 49,887 shares of the company's stock, valued at approximately $3,721,570.20. This represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.86% of the stock is owned by company insiders.

Workiva Trading Up 0.6 %

Shares of WK stock traded up $0.61 during mid-day trading on Tuesday, reaching $102.93. The stock had a trading volume of 665,365 shares, compared to its average volume of 378,306. The stock's 50-day moving average price is $87.74 and its two-hundred day moving average price is $79.46. The firm has a market capitalization of $5.70 billion, a PE ratio of -111.88 and a beta of 1.09. Workiva Inc. has a 52-week low of $65.47 and a 52-week high of $105.00.

Workiva Profile

Workiva Inc, together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications.